In the spring of 2005, people in business and government were calling for China to move away from its fixed-exchange rate regime because by pegging its currency China was:

Question

Quizplus · Accepted Answer

By pegging its currency to the U.S. dollar, China was effectively importing U.S. monetary policy, as it had to align its interest rates and monetary conditions with those of the U.S. to maintain the peg.

In the Spring of 2005, People in Business and Government